In an apparent rebuke of Donald Trump’s outlandish debate performance, shares of his social media company plummeted Wednesday morning to a record low for the stock.
Shares of Trump Media & Technology Group, the parent company of Truth Social, dropped 17 percent to below $15.75 shortly after the market opened, pushing aside the previous record low set earlier this month of $16.70.
The drop brought Trump’s majority 60 percent stake in the company— 115 million shares—down to $1.2 billion from $1.4 billion.
Source:
www.thedailybeast.com